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Sunday, July 29, 2012

The Dow Jones and Stock Market were higher on Friday. Will the stock market go up or down on Monday? Keep tabs on the stock market futures which will predict the open on Monday. If you are a stock trader or investor, check out my stock picks group. We are making some big trades in there right now. Sign in and sign up.

Oil & Gas stocks continue to be active as oil trades around $91 into August 2012. Below is a list of the top rated Oil & Gas stocks. Check out my Top Oil Stock Picks in 2012. Also, I would keep tabs on the latest developments in the Eagle Ford Shale & Bakken Shale.

Kodiak Oil & Gas (KOG) - Kodiak Oil & Gas (KOG) is one of my top oil stock picks for 2012. KOG stock is back testing $8.70. KOG is the new hot company in the Bakken Shale. KOG is a strong buy below $9 for the long term. I am giving KOG a $20-$30 price target during the 1st quarter of 2014. That's a 100%-200% gain from a $10 stock price.

ConocoPhillips (COP) - ConocoPhillips (COP) is trading back above $55 right now. COP will have support at $55 and resistance at $57. COP is a strong buy below $50 for the long term. ConocoPhillips (COP) is active in the new emerging shale play called the Tuscaloosa Shale.

Cabot Oil & Gas Corporation (COG) - Cabot Oil & Gas Corporation (COG) has some nice oil assets around the USA and was the first company to talk about the Chainman Shale. We also recently heard about the Smackover Brown Dense, another emerging oil field.

The following is stock technical analysis for Apple Inc. (AAPL) for July 30, 2012

Apple Inc. (AAPL) Support & Resistance Levels - 7/30/12

Resistance - $600

Support - $570

Apple Inc. (AAPL) stock closed around $585 on Friday. AAPL will have resistance up around $600 but then nothing until $615. Apple (AAPL) is the largest holding in my portfolio and I plan to keep buying while the stock is so cheap. AAPL has price targets above $900 for 2012/2013.

Facebook (FB) stock crashed after the company reported inline earnings. Facebook (FB) will have support down around $23 as we go forward. FB will have resistance at $25. Facebook (FB) is a buy below $21 for a bounce trade. Facebook (FB) should break out again when the stock breaks above $24.54

Kodiak Oil & Gas (KOG) stock closed near the 200 day moving average on Friday. KOG rallied will report earnings on Thursday, August 2, 2012. Kodiak Oil & Gas (KOG) is a strong buy below $9 for the rest of 2012. Enjoy this sell off while it lasts because KOG is one of my top stock picks for 2013 and we discuss the stock almost every day in the stock picks group.

Bank of America (BAC) stock closed at the 200 day moving average on Friday. Bank of America (BAC) will have support down at $6.90, $6.85, and $6.71. If Bank of America (BAC) drops back below $6.71, the next major level to watch is $6.00. BAC stock is a strong buy below $7. I currently have an $8.50 price target on Bank or America (BAC) for the rest of 2012.

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. is one of my best oil stock ideasfor 2012. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG stock is back trading in the mid $8's. KOG will now have support down at $8.01. Resistance is located at $8.60. I have a $20-$30 price target by February 2014 - More.....

Arena Pharmaceuticals, Inc. (ARNA) - Arena Pharmaceuticals, Inc. (ARNA) received FDA Approval recently but Jim Cramer said to sell the stock. ARNA will have resistance up at $9.85.

Vivus (VVUS) - Shares of Vivus (VVUS) are back trading near $23 after the company received FDA Approval on Qsymia. VVUS will have resistance up at $23.32.

MetroPCS (PCS) - MetroPCS (PCS) was the stock of the day on Thursday and continue to break out on Friday. PCS will have resistance located at $9.57.

Facebook (FB) - Facebook (FB) stock is trading below $24 again. I like Facebook (FB) stock here if you are looking for a good speculative stocks to buy.

Threshold Pharmaceuticals, Inc. (THLD) - Threshold Pharmaceuticals, Inc. (THLD) is the new hot stock right now after the company announced positive news on their cancer drug. THLD stock is trading around $7.25 and will have resistance at $7.50. THLD has a price target of $12 in 2012/2013.

BioDelivery Sciences (BDSI) - Biodelivery Sciences (BDSI) is one of the top stocks in 2012 . BDSI will have resistance up at $5.00.

Goldfield Corp (GV) - Goldfield Corp (GV) is the top penny stock in 2012 right now. GV will have resistance up at $2.00.

Netflix Inc. (NFLX) - Netflix Inc. (NFLX) stock is back trading near $59. NFLX will have support around $57. Resistance is located at $59.46.

First Solar (FSLR) - Shares of First Solar (FSLR) are back trading above $14. FSLR stock will have resistance up at $16.

Direxion Daily Small Cap Bull 3X Shares (TNA) - Direxion Daily Small Cap Bull 3X Shares (TNA) is trading back above $53. TNA will have support located around $49.30. TNA will now have resistance up at $55. Discuss TNA

Samson Oil & Gas (SSN) - Samson Oil & Gas (SSN) was my Top Penny Stock Pick in 2012as the stock ran from $1.60 to $3 in early 2012. SSN is back trading near $1.13. SSN stock will have resistance at $1.25.

Starbucks (SBUX) - Starbucks (SBUX) is one of my top stocks to buy and hold for the next 5 years. SBUX is growing in all major areas and is creating new grocery store beverages. These drinks are high margin and should fuel growth over the next five years. SBUX is a strong buy below $50.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is now trading at $2.16. Sirius XM Radio (SIRI) will have support at $1.80. Sirius XM Radio (SIRI) is a buy on a pullback below $1.90 for a trade.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) is trading back near $92. FAS will have support located at $80. Direxion Daily Financial Bear 3X Shares (FAZ) is a buy if you think the bank stocks will drop more in 2012.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is now trading above $7.00. Research in Motion (RIMM) will have support at $6. Research in Motion (RIMM) will have resistance up at $7.83.